Tax

Showing the latest top articles for this topic.
24 hours 3 days 1 week 1 month 3 months
US IRS addresses expiration of temporary section 385 debt/equity regs
mnetax.com Oct 13, 2019
The US IRS on October 11 released IRS guidance addressing the expiration of debt-equity documentation temporary regulations under code Section 385. The IRS states in Notice 2019-58 that although the temporary regulations will expire on October 13,...
OECD's proposed 'unified approach' would give market countries greater taxing rights over large multinationals that sell to consumers
mnetax.com Oct 11, 2019
In an effort to expedite agreement between nations on an update to the international tax rules to account for new digital business models, the OECD secretariat on October 9 proposed a compromise plan for allocating multinational group profit and...
Ireland Budget 2020 releasedMNE Tax
mnetax.com Oct 10, 2019
On 8 October, the Irish government announced its Budget 2020 measures. Brexit and climate change are core themes of new revenue measures and expenditure commitments.  Brexit remains the foremost immediate concern for the Irish economy, whereas...
The Irish Budget 2020
taxand.com Oct 9, 2019
Budget 2020 was announced on 8 October 2019. This was Minister Donohoes third Budget speech and, as has been the trend in recent years, many of the measures announced were leaked to the media well in advance. It is the last budget that the...
Court limits Australian Taxation Offices power to reconstruct related party transactions in transfer pricing disputes - Taxand
taxand.com Oct 9, 2019
In recent years, the Australian Taxation Office (ATO) has identified transfer pricing as a major focus of its compliance and review processes. In a speech delivered on 14 August 2019, Second Commissioner of Taxation Jeremy Hirschhorn reaffirmed...
Netherlands government publishes revised draft list of low tax jurisdictions
mnetax.com Oct 8, 2019
On October 7 the Dutch government released its latest draft list of low tax jurisdictions for public consultation. The list only contains the Dutch low tax jurisdictions, not the jurisdictions designated as non-cooperative jurisdictions by the EU....
Multinational
mnetax.com Oct 3, 2019
Pilar Barriguete and Edland Graci of Duff & Phelps, Spain, discuss a recent Inter-American Center of Tax Administrations (CIAT) transfer pricing publication which proposes two measures for clarifying the application of the best method rule and...
Italian Revenue clarifies new reporting option for patent box tax benefit
mnetax.com Oct 1, 2019
The Italian Central Revenue on September 9 issued clarifications for taxpayers that want to report eligible income for the patent box regime on their tax returns rather than apply for a tax ruling. The new rules apply to taxpayers that are not on a...
Landmark precedents on limiting transfer taxation in Finland - Taxand
taxand.com Sep 26, 2019
The Finnish Supreme Administrative Court (SAC) issued two significant precedents on 23 September 2019 in cases, which substantially limit the concept of consideration for transfer tax purposes. According to the SAC, transfer tax was not payable on...
Amendment to the convention between Mexico and Indonesia for the avoidance of double taxation - Taxand
taxand.com Sep 25, 2019
The main amendment is reflected in Article 26 Exchange of Information, in which it is established that if a Contracting State requests information pursuant to this Article, the other Contracting State shall employ any measures necessary to gather...
Taxsutra Conclave 2019, New Delhi - Taxand
taxand.com Sep 25, 2019
Taxsutra.com is a leading Indian source of tax news and developments for tax practitioners. It provides to tax practitioners, taxpayers and tax regulators updates and analysis of both domestic and international tax from an interactive platform that...
Denmark tax bill clarifies timing rules for transfer pricing documentation
mnetax.com Sep 25, 2019
Denmarks Ministry of Taxation on 12 September published a draft bill proposing a number of changes to Denmarks international tax provisions including a requirement to submit transfer pricing documentation together with the corporate income tax...
Peruvian Tax Administration issues report regarding GAAR - Taxand
taxand.com Sep 24, 2019
However, the Peruvian Congress enacted Law No.30230 (published on 12 July 2014) which suspended the application of the GAAR, until the Peruvian Government ruled additional regulations to said law, i.e. to define the substance and form parameters to...
Mexico 2020 tax reform: big changes proposed for foreign companies doing business in Mexico
mnetax.com Sep 24, 2019
On September 8, the executive branch of the Mexican government introduced Mexico 2020 tax reform, proposing far-reaching changes to the Mexican income tax, value-added tax, and Federal Tax Code. Although previous Mexican government tax reform...
India fires bazooka to lift economy, slashing corporate tax rates and enacting other tax relief
mnetax.com Sep 23, 2019
In a development that surprised businesses and the stock market, Indias Finance Minister on Friday announced a significant reduction in the corporate tax rates. While the Indian government announced a series of measures in the last few weeks aimed...
The updated position of the Russian Federal Tax Service - Taxand
taxand.com Sep 18, 2019
Holding and investment companies can be encountered in many multinational structures. Usually their functions are limited to transactions for the acquisition and disposal of share, membership interests in other (operating and non-operating)...
Peru: New Criteria for Deduction of Expenses - Taxand
taxand.com Sep 17, 2019
The Judiciary criterion is opposed to the Tax Administrations opinion (Report 005-2017-SUNAT/5D0000), according to which the invoices of the accrued expenses must be issued before the filing of the income tax return in order to consider such...
Peru: New Criterion for Deduction of Expenses - Taxand
taxand.com Sep 17, 2019
The Judiciary criterion is opposed to the Tax Administrations opinion (Report 005-2017-SUNAT/5D0000), according to which the invoices of the accrued expenses must be issued before the filing of the income tax return in order to consider such...
Mexico: Tax Reform Initiative for 2020 - Taxand
taxand.com Sep 17, 2019
The Package includes, among others, the Federal Revenue Law initiative, the initiative that reforms several tax provisions and the Federal Expenditure Budget. The modifications included in the Economic Package are not final, since they will be...
Global Transfer Pricing Conference 2019: Warsaw, Poland - Taxand
taxand.com Sep 16, 2019
Join us for an evening drinks reception and buffet dinner at the Muzeum Wódki Polskiej / Polish Vodka Museum on Wednesday 27 November from 7pm. On Thursday 28 November from 9am 4pm, members of our TP team from around the world will present on...
Taxand IP Overview 2019 - Taxand
taxand.com Sep 16, 2019
The determination of arms length transfer prices for transactions involving intangibles is one of the major topics in international taxation and at the focus of multinational enterprises, tax authorities and tax advisors worldwide. As part of the...
View more